My mother has a house in Australia, and we can rent it after we buy it? Is the rent taxable?

Chatted with the owner of our new house and sorted out the answers for you.

Australian real estate can be rented after it is bought.

Generally speaking, there are three main ways for overseas buyers to rent a house in Australia. ?

(1) I rented it myself. If I were in Australia, I could handle it myself. If I am not here, I can ask my relatives to help me. However, this method is not protected by law, and it is easy to cause disputes and bring unnecessary troubles. ?

(2) The developer promises 1-3 years * to sign the lease contract when signing the sales contract, and the rent will be monthly.

(3) Entrust an Australian professional leasing company to lease.

Is the rent taxable?

First of all, Australia is one of the few countries in the world that implement negative tax deduction policy. Simply put, the income generated by renting a house is taxable, but if your annual rental income is not enough to deduct your housing expenses (including the loan to be repaid), you don't have to pay taxes, but you can also deduct other taxes you need to pay.